A house for sale in Arlington, Virginia, in July of 2023.Saul Loeb | AFP | Getty ImagesThe average rate on the 30-year fixed mortgage rose to the highest level since 2000 last week, but rates on adjustable-rate mortgages fell. That caused a run on these so-called ARMs, pushing total...
Tim Wentworth, former CEO of Express Scripts.Getty ImagesWalgreens Boots Alliance has chosen veteran health care executive Tim Wentworth as the company's new chief executive.Wentworth is the former CEO of the nation's largest pharmacy benefits management company, Express Scripts, which was acquired by Cigna in 2018. He stayed on and...
Birkenstock models stand in a retail store of the shoe manufacturer. The company plans to go public in New York. Sebastian Christoph Gollnow | Picture Alliance | Getty ImagesBirkenstock, the longtime German shoe brand known for its comfy and durable styles, is expected to price its IPO at $46 per...
Taylor Swift performs onstage for the opening night of her The Eras Tour at State Farm Stadium in Glendale, Arizona, on March 17, 2023.Kevin Winter | Getty ImagesTake us to church, Taylor.Starting Friday, Taylor Swift's The Eras Tour film arrives in theaters, and with it comes a certain expectation...
Unifor worker Rob Nimigon holds a flag at a picket line outside an entrance to the GM's Oshawa assembly complex, where the company’s profitable Chevrolet Silverado trucks are built, after 4,300 unionized workers went on strike at three General Motors plants, including Oshawa, Ontario, Canada October 10, 2023.Arlyn Mcadorey...
A pedestrian walks past a display of Skechers shoes.David Paul Morris | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading.Skechers — The shoe company gained 2.6% after UBS reiterated its buy rating on shares. UBS said Skechers' brand and products "continue to resonate with global...
Mbbirdy | E+ | Getty ImagesThe population of the super wealthy, or those worth $100 million or more, doubled over the past 20 years as asset prices soared around the world, according to a new report. There are now 28,420 so-called centi-millionaires worldwide, up 12% over last year and...
A customer shops at the Nike store on December 21, 2021 in Miami Beach, Florida.Joe Raedle | Getty ImagesTeens are a notoriously fickle bunch — but the group is also often on the leading edge of many trends the rest of us eventually adopt.In many ways, the cohort's spending...
A woman smokes an E-Cigarette at Digital Ciggz in San Rafael, California.Justin Sullivan | Getty ImagesThe Supreme Court on Tuesday declined to hear arguments in a case challenging the Food and Drug Administration's authority to reject approvals of flavored electronic cigarettes. The case is one of several challenges to the...
Daymond John attends the 2023 Vanity Fair Oscar Party Hosted By Radhika Jones at Wallis Annenberg Center for the Performing Arts in Beverly Hills, California, on March 12, 2023.Leon Bennett | Filmmagic | Getty Images"Shark Tank" star Daymond John is looking to give Black business owners a boost for...